The Top 5 Rental Property Tax Deductions

Summary

CPA Tom Wheelwright outlines the top five tax deductions for real estate investors, all of which are applicable to STR hosts. He emphasizes that deductions for investment properties (like mortgage interest and property taxes) are often more generous than for personal residences. The video highlights depreciation as an investor's secret weapon, especially when accelerated through a cost segregation study, and also covers deductions for insurance, repairs, and management fees. A bonus tip explains how a legitimate home office deduction can significantly increase deductible vehicle mileage.